Frequency Electronics Inc. (FEIM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
55 CHARLES LINDBERGH BLVD MITCHEL FIELD, NY 11553 |
| State of Incorp. | DE |
| Fiscal Year End | April 30 |
| Industry (SIC) | 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 10/31/2024 MRQ | 4/30/2024 | 1/31/2024 MRQ | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,320 | 11,663 | 12,049 | 21,525 | 20,120 | 14,378 | |||
| Cash and cash equivalents | 18,320 | 11,663 | 12,049 | 11,561 | 9,807 | 3,808 | |||
| Short-term investments | 9,964 | 10,313 | 10,570 | ||||||
| Restricted cash and investments | 945 | 941 | |||||||
| Receivables | 4,614 | 5,410 | 4,622 | 4,291 | 5,515 | 4,392 | |||
| Inventory, net of allowances, customer advances and progress billings | 23,431 | 23,159 | 20,526 | 19,906 | 19,661 | 22,958 | |||
| Inventory | 23,431 | 23,159 | 20,526 | 19,906 | 19,661 | 22,958 | |||
| Prepaid expense | 37 | 24 | |||||||
| Contract with customer, asset, after allowance for credit loss | 10,523 | 10,572 | 10,009 | 8,857 | 1,948 | 6,953 | |||
| Other undisclosed current assets | 251 | 311 | 1,101 | 1,431 | 1,435 | 2,554 | |||
| Total current assets: | 58,121 | 52,080 | 48,307 | 56,010 | 48,679 | 51,235 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,036 | 6,323 | 7,382 | 8,805 | 9,773 | 10,864 | |||
| Property, plant and equipment | 6,438 | 6,232 | 7,093 | 8,564 | 9,612 | 11,267 | |||
| Intangible assets, net (including goodwill), including: | 617 | 617 | 617 | 617 | 617 | 617 | |||
| Goodwill | 617 | ||||||||
| Other undisclosed intangible assets, net (including goodwill) | 617 | 617 | 617 | 617 | 617 | ||||
| Restricted cash and investments | 945 | 941 | |||||||
| Other noncurrent assets | 875 | 875 | 877 | 909 | 1,939 | 2,503 | |||
| Other undisclosed noncurrent assets | 10,221 | 10,676 | 10,220 | 9,855 | 15,396 | 14,790 | |||
| Total noncurrent assets: | 25,132 | 25,664 | 26,189 | 28,750 | 37,337 | 40,041 | |||
| TOTAL ASSETS: | 83,253 | 77,744 | 74,496 | 84,760 | 86,016 | 91,276 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 7,113 | 6,251 | 5,398 | 6,411 | 6,325 | 5,406 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 1,635 | ||||
| Accounts payable | 2,348 | 1,723 | 1,464 | 1,080 | 1,080 | 1,424 | |||
| Accrued liabilities | 4,765 | 4,528 | 3,934 | 3,696 | 5,245 | 3,982 | |||
| Deferred revenue | 21,639 | 18,370 | 18,586 | 11,098 | |||||
| Debt | 4,965 | ||||||||
| Other liabilities | 404 | 1,620 | 1,544 | 4,243 | 57 | 748 | |||
| Other undisclosed current liabilities | 1,640 | 1,783 | 1,753 | 109 | 1,715 | 1,869 | |||
| Total current liabilities: | 30,796 | 28,024 | 27,281 | 21,861 | 8,097 | 12,988 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 7,353 | 8,366 | 9,444 | ||||||
| Liabilities, other than long-term debt | 12,641 | 13,047 | 14,329 | 8,858 | 14,144 | 14,608 | |||
| Deferred compensation liability, classified | 8,088 | 8,190 | 8,314 | 8,730 | 14,017 | 14,258 | |||
| Deferred income tax liabilities | 8 | 8 | 8 | 8 | 8 | 8 | |||
| Other liabilities | 133 | 124 | 120 | 119 | 342 | ||||
| Operating lease, liability | 4,545 | 4,716 | 5,883 | 7,353 | 8,366 | 9,444 | |||
| Total noncurrent liabilities: | 12,641 | 13,047 | 14,329 | 16,211 | 22,510 | 24,052 | |||
| Total liabilities: | 43,437 | 41,071 | 41,610 | 38,072 | 30,607 | 37,040 | |||
| Equity | |||||||||
| Equity, attributable to parent | 39,816 | 36,673 | 32,886 | 46,688 | 55,409 | 54,236 | |||
| Common stock | 9,512 | 9,487 | 9,374 | 9,298 | 9,226 | 9,164 | |||
| Treasury stock, value | (3) | (3) | (3) | (6) | (6) | (195) | |||
| Additional paid in capital | 50,334 | 49,841 | 49,136 | 57,956 | 57,355 | 56,914 | |||
| Accumulated other comprehensive income (loss) | (440) | 291 | 490 | ||||||
| Accumulated deficit | (20,027) | (22,652) | (25,621) | (20,120) | (11,457) | (12,137) | |||
| Total equity: | 39,816 | 36,673 | 32,886 | 46,688 | 55,409 | 54,236 | |||
| TOTAL LIABILITIES AND EQUITY: | 83,253 | 77,744 | 74,496 | 84,760 | 86,016 | 91,276 | |||
Income Statement (P&L) ($ in thousands)
| 10/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 55,274 | 52,701 | 40,777 | 48,296 | 54,254 | 41,507 | ||
| Cost of revenue | (36,691) | (36,360) | (32,928) | (39,697) | (37,333) | (35,759) | ||
| Gross profit: | 18,583 | 16,341 | 7,849 | 8,599 | 16,921 | 5,748 | ||
| Operating expenses | (13,564) | (13,423) | (12,521) | (16,637) | (17,879) | (16,670) | ||
| Operating income (loss): | 5,019 | 2,918 | (4,672) | (8,038) | (958) | (10,922) | ||
| Nonoperating income (expense) | (7) | 2 | 7 | 359 | 1,561 | (739) | ||
| Investment income, nonoperating | 199 | 458 | 329 | |||||
| Other nonoperating income (expense) | (7) | 2 | 7 | 160 | 1,103 | (1,068) | ||
| Interest and debt expense | (109) | (162) | (156) | (77) | (127) | (107) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 4,903 | 2,758 | (4,821) | (7,756) | 476 | (11,768) | ||
| Income (loss) from equity method investments | 561 | (606) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 544 | (906) | ||||||
| Income (loss) from continuing operations before income taxes: | 5,464 | 3,302 | (5,427) | (8,662) | 476 | (11,768) | ||
| Income tax expense (benefit) | 130 | (87) | (74) | (1) | 204 | 1,742 | ||
| Income (loss) from continuing operations: | 5,594 | 3,215 | (5,501) | (8,663) | 680 | (10,026) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (8,663) | 680 | (10,026) | |
| Net income (loss) available to common stockholders, diluted: | 5,594 | 3,215 | (5,501) | (8,663) | 680 | (10,026) | ||
Comprehensive Income ($ in thousands)
| 10/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5,594 | 3,215 | (5,501) | (8,663) | 680 | (10,026) | ||
| Other comprehensive income (loss) | 440 | (731) | (199) | 444 | ||||
| Other undisclosed comprehensive income | 440 | |||||||
| Comprehensive income (loss): | 5,594 | 3,655 | (5,061) | (9,394) | 481 | (9,582) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (440) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 5,594 | 3,215 | (5,061) | (9,394) | 481 | (9,582) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.